Word info

cost-push inflation

Noun

Meaning

cost-push inflation (uncountable)

(economics) Inflation caused by substantial increases in the cost of goods or services where no suitable alternative is available.
Synonym: cost-push
Coordinate terms: demand-pull inflation, wage-push inflation

Source: en.wiktionary.org

Examples

For example, a sudden decrease in the supply of oil, leading to increased oil prices, can cause cost-push inflation. Source: Internet

However, these can be considered as different aspects of an overall inflationary process: demand-pull inflation explains how price inflation starts, and cost-push inflation demonstrates why inflation once begun is so difficult to stop. Source: Internet

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